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Ipos overview

SIBO HOLDING Ltd (SIBO)


Company Overview

Proposed Symbol SIBO
Company Name SIBO HOLDING Ltd
Exchange
Share Price $
Employees 9 (as of 12/31/2024)
Status
Shares Offered
Offer amount $6,900,000
Shares Over Alloted
Company Address SUITE 3210, 32/F, CHAMPION TOWER 3 GARDEN ROAD, CENTRAL HONG KONG 999077
Company Phone 852 3980 6200
Company Website www.stormharbour.com.hk
CEO Chung Wing Water Cheung
State of Inc
Fiscal Year End 03-31
Total Offering Expense $700,000.00
Shareholder Shares Offered
Shares Outstanding 204,000,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0002043392
DealId 1344452-114805

Company Description

Sibo is an exempted company with limited liability incorporated under the laws of the Cayman Islands on December 11, 2018. As a holding company with no material operations of its own, Sibo conducts its operations solely conducted by its subsidiary, StormHarbour HK, a limited liability corporation incorporated in Hong Kong SAR and licensed by the Securities and Futures Commission of Hong Kong, or the HKSFC (SFC CE No. AUK151). Sibo indirectly owns 100% equity interests in StormHarbour HK through Buckwheat Investments, a business company incorporated in British Virgin Islands. StormHarbour HK, established in 2009, is a financial advisory firm with a rich history and evolving structure. Since March 2010, StormHarbour HK has been licensed by the HKSFC for Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 6 (Advising on Corporate Finance) regulated activities. Additionally, since June 2016, StormHarbour HK has been licensed by the HKSFC for Type 9 (Asset Management) regulated activities. The core business of StormHarbour HK is rooted in Capital Markets services, with future expansion roadmap into Asset Management services. StormHarbour HK’s geographical focus encompasses key markets in the Asia Pacific region, including Mainland China, Hong Kong, South Korea, Oceania, and Southeast Asia. StormHarbour HK, originally part of StormHarbour Group, founded in 2009, underwent a significant transformation in 2019 when its founding partner led a management buyout of the Hong Kong office. Since this buyout, StormHarbour HK has operated independently, while continuing to use the StormHarbour brand. This unique position allows StormHarbour HK to focus on providing tailored services to the Asia Pacific region. StormHarbour HK operates under a lean and asset-light business model, which is a strategic approach that leverages minimal use of its own capital to generate revenue. Unlike traditional commercial banking, which relies heavily on extensive balance sheet assets, StormHarbour HK derives income primarily through service-based fees and commissions, including those received as an introducing broker. This flexible structure is particularly advantageous in uncertain financial market conditions, enabling StormHarbour HK to swiftly adapt to market dynamics without being burdened by significant capital commitments. StormHarbour HK integrates Capital Markets and Asset Management services, maintaining a strong reputation for professional and tailored financial solutions. The firm’s focus on innovation, sustainability, and regional expertise positions it as an active participant in the Asia Pacific financial advisory and asset management landscape. StormHarbour HK has prioritized Environmental, Social, and Governance (ESG) developments, including: (1) A partnership with Climate Finance Asia Limited to integrate ESG into investment strategies; (2) Launching the 1.5C ESG Focused Hedge Fund, which evaluates investments based on ESG factors, including climate impact, labor practices, governance standards, and more; (3) Collaborations with Carbon Neutral Pty Ltd. and Vericap Pte Ltd. to drive carbon credit projects and sustainable finance efforts. --- Our principal executive offices are located at Suite 3210, 32/F, Champion Tower, 3 Garden Road, Central, Hong Kong. Our website can be found at https://stormharbour.com.hk/. Sibo’s registered office is currently located at the office of Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands, which may be changed from time to time at the discretion of directors. Sibo’s agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd St., 18th Floor, New York, NY 10168.